On September 9, at the Partnership for Global Infrastructure and Investment (PGII) event during the Group of 20 Summit in New Delhi, India, leaders of the U.S., India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union announced a memorandum of understanding on a large-scale global infrastructure project: the India-Middle East-Europe Economic Corridor (IMEC).
This initiative, dubbed the modern-day “Spice Routes” by the Indian media, claims to strengthen connectivity and economic